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U.S.: SEC brings case against farm feed price-fixers

 |  November 9, 2012

The Securities and Exchange Commission has announced it will formally charge individuals under Calata Corp. after an investigation into the farm feeds supplier recently concluded. The SEC has only stated that the specific charge will be “price manipulation” and will be brought against multiple individuals accused of fixing the company’s share price. An SEC representative declined to comment further on the details of the case, however. If the case reaches the Department of Justice, it will be the first legal action to stem from the Capital Markets Integrity Corp, a newly-created branch of the SEC.

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